Warehousing and Storage Services Market Is Booming Worldwide ... - Digital Journal

The global warehousing and storage services market is forecasted to grow from USD 691.71 billion in 2023 to USD 963.71 billion by 2028, at a CAGR of 6.84% during the forecast period (2023-2028). Rising demand for an omnichannel retailing approach, growth in the e-commerce industry, and the popularity of omnichannel distribution are driving market growth. The market is also segmented by type, end-user industry, and ownership. Key players include DHL International GmbH, XPO Logistics Inc., and FedEx Corp. GXO Logistics Inc. recently opened a new warehouse facility to manage warehouse support for Bayer's Crop Science division.

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